Arnold
CibbuanoSale by Private Negotiation
August 11th 2006 00:11
This method of sale is similar to selling by Private Treaty in that the property is offered to the market and buyers with an interest in your property are encouraged to make an offer and negotiate. The difference between a sale by Private Treaty and a sale by Private Negotiation is that rather than offering a fixed selling price a range or price guide is advertised for the property. The sales advertisement will normally be listed as a ‘sale by negotiation – offers around $X’ or ‘to suit $X buyers.’
The sale by negotiation method is attractive for the seller and buyer. It means that the seller does not have to fix a specific price on the property and the buyer is attracted with seemingly some scope for negotiation.
The benefits of a sale by negotiation are similar to those of an auction and a private treaty sale.
1) The overall marketing costs of a sale by negotiation will generally be less than that of an auction. This is because an intensive marketing campaign is not generally needed as there is no final marketing deadline date. The marketing cost savings are dependent on the length of time for which the property is listed for.
2) An advantage over the auction process is that a sale by negotiation removes the open style bidding process whilst still offering some degree of bargaining and private bidding with the seller. This is a benefit to sellers and buyers who prefer not to enter the environment of a public auction but would still like some sort of bargaining power in their negotiations.
3) Unlike a public auction there is no final deadline day for the sale of the property. This can be a benefit as it reduces the stress associated with the build up to a deadline auction day.
4) A sale by negotiation enables you negotiate the sale price and the terms and conditions of sale. These are both features offered individually in the public auction and private treaty domain. A sale by private negotiation offers a little more flexibility in the final handover contract compared to a public auction or private treaty.
The sale by negotiation method is attractive for the seller and buyer. It means that the seller does not have to fix a specific price on the property and the buyer is attracted with seemingly some scope for negotiation.
The benefits of a sale by negotiation are similar to those of an auction and a private treaty sale.
1) The overall marketing costs of a sale by negotiation will generally be less than that of an auction. This is because an intensive marketing campaign is not generally needed as there is no final marketing deadline date. The marketing cost savings are dependent on the length of time for which the property is listed for.
2) An advantage over the auction process is that a sale by negotiation removes the open style bidding process whilst still offering some degree of bargaining and private bidding with the seller. This is a benefit to sellers and buyers who prefer not to enter the environment of a public auction but would still like some sort of bargaining power in their negotiations.
3) Unlike a public auction there is no final deadline day for the sale of the property. This can be a benefit as it reduces the stress associated with the build up to a deadline auction day.
4) A sale by negotiation enables you negotiate the sale price and the terms and conditions of sale. These are both features offered individually in the public auction and private treaty domain. A sale by private negotiation offers a little more flexibility in the final handover contract compared to a public auction or private treaty.
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